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Thursday, 02/08/2024 8:09:19 PM

Thursday, February 08, 2024 8:09:19 PM

Post# of 14164
Tanzania, determined to increase earnings from its vast deposits of lithium, a key element in electric vehicle (EV) batteries, has announced plans to ban unrefined exports of the mineral as of 2024.

Media outlet The Africa Report quoted a letter to miners stating that lithium stakeholders must have plants for refining inside Tanzania in order to increase the value of the minerals by at least 5% for export licences to be granted. The letter, dated June 8, stated that the measure will take effect on May 31, 2024.

https://www.intellinews.com/tanzania-set-to-ban-raw-lithium-exports-as-of-may-2024-299740/